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Leasehold Bar Restaurant Opportunity, Leith (Ref. 1306) For Lease

Edinburgh, Edinburgh City, UK
Asking Price:
£38,000 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

Nil Premium - price stated is annual rent payable.

High quality licensed property in excellent trading location in the heart of Leith. Very flexible internal layout. New FRI Lease on offer. 4 distinct internal trading areas. Outdoor seating. Licensed capacity 255. Discounted first years rent. May sell – price on application.

The premises occupy a large stone built mid-terraced property with pitched roof and flat roof extension to the rear. Public accommodation is on ground floor as well as a mezzanine level. We are advised that the GIA including the basement cellar and storage is 3,928 square feet.

Internally, the property can be divided into four different areas as follows:- main Bar, raised Restaurant area (with its own entrance/exit), rear ground floor Function Area and mezzanine level Function Area. It should be noted that both function spaces can accommodate parties of 30-40 covers respectively.

The business is located on Constitution Street in the Leith area and will become the focus and hub of Leith when the trams arrive in the very near future. The onset of the trams arrival into Leith will further boost visitor numbers to this continually up and coming area of the city. The tram link will offer a direct transport route to Edinburgh city centre opening up Edinburgh’s port further to the rest of the city.

Please note - the images provided are historic and are to be used as a guide only.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The business is offered on a new lease basis. The landlord will offer a new 10 year FRI lease. The initial rent will be £38,000 per annum. The rent will be subject to stepped level increases during the first five years. The landlord will require a rental deposit.

Year 1 rent: £38,000 (first 6 months 50% reduction)
Year 2 rent: £38,000
Years 3-5 rent: £50,000
Year 6: Upward only rent review.

Option to purchase up to the end of year 5 (minimum of £650,000 or market value).

Leasehold Rent:

£38,000 per annum

Location:

Leith area of Edinburgh.

Premises Details:

The premises occupies a large stone built mid-terraced property with pitched roof and flat roof extension to the rear. Public accommodation is on ground floor as well as a mezzanine level.

Main entry is via a large set of double doors which leads through a courtyard area before arriving in the main bar. There is also an additional front entrance which leads into a second public area.

Size in square feet:
3,928

Other Information

Related Documents:

Contact Information

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